Orion Portfolio Solutions LLC Purchases 21,066 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Orion Portfolio Solutions LLC grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 172.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,275 shares of the real estate investment trust's stock after buying an additional 21,066 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Cousins Properties were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CUZ. Blue Trust Inc. lifted its position in shares of Cousins Properties by 130.8% during the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 858 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 438 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 651 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cousins Properties during the second quarter valued at approximately $115,000. Finally, Quarry LP increased its stake in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after buying an additional 1,697 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded up $0.38 on Monday, hitting $31.02. 1,440,617 shares of the company were exchanged, compared to its average volume of 1,304,914. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company's 50 day moving average price is $30.95 and its two-hundred day moving average price is $27.81. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 94.00, a PEG ratio of 4.02 and a beta of 1.29.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company's revenue was up 5.2% on a year-over-year basis. Research analysts expect that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

Analyst Ratings Changes

Several brokerages have weighed in on CUZ. Evercore ISI upped their target price on Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Barclays lifted their price target on shares of Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Robert W. Baird lifted their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.71.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.